3 Crucial Lessons I Learned From Robert Kiyosaki

…how would you like to be financially free at 37 years old?

…so, when I was introduced to Robert Kiyosaki it was through a friend who was only 2 years older than me at 37 years old, who was already financially free…

…he told me to play the Cash Flow game every week until I could get out in an hour…

…why?

…because playing the game gives you practice to become financially free…

…it trains the brain to look for opportunities that create passive income, and avoid overspending and buying things that will take money away (liabilities)…

…it was funny but one of the worst cards to get was the yacht!

…when you got the boat you had to pay all of these expenses and have to pay a lot every month to house it, insure it…yikes!

…it was a real wake up call and helped me begin to track my passive income and my expenses…

…and work on increasing my passive income and reducing my expenses…

…do you think buying the home that you live in is a good investment?

…think again!

…did you calculate how much it would cost to pay taxes, insurance, upkeep?

…did you know that the interest you pay in your mortgage is paid up front in the first 7 years to the bank?

…did you know if you took the entire 30 years to pay off your mortgage you might be paying double or more of the purchase price in interest?

…and you have no idea if the value will go up or down…

…it does not give you any passive income…

…in fact, you get a mortgage which reduces your cash flow (unless it’s less than your rent)…

…because of the lessons I learned in the Cash Flow Quadrant, I have never bought a house…

…what type of income earner are you?

…employee?

…self employed?

…business owner?

…investor?

…Robert Kiyosaki has a whole book that discusses these four ways of earning an income called the Cash Flow Quadrant…

…the employee and the self employed person trade their time for money…

…if you own the business and don’t have to work it all day (have systems and other people working it for you)…then you can have time…

…if you are a good investor and your money is working for you and making a return in passive income…then you have time…

…the goal is to be a business owner and/or investor if you want time freedom…